Market Overview

Tickers

Articles

Keywords

Russia

Russian President Vladimir Putin declared a state of emergency Wednesday after a massive diesel fuel spill in a Siberian river causing more than an estimated $76 million in damage to waterways above the Arctic Circle, reports The Moscow Times. Cleaning operations were still underway...

The Rising Importance Of The Black Sea Region In Global Wheat Trade
In the past two decades, the mix of top wheat exporters has changed as new centers of surplus production emerge. The Black Sea region (BSR) has become the dominant world wheat exporter, supplying high quality and competitively...

It's not even Wednesday and it's fair to say oil futures and the related exchange traded products are having wild weeks. At this writing Tuesday, the popular United States Oil Fund (NYSE: USO) is lower by almost 30%.
USO, which tracks front month West Texas Intermediate (WTI) futures, but...

Oil prices posted gains early Monday after the Organization of the Petroleum Exporting Countries and allies agreed to long-awaited production cuts in a Sunday meeting.
What Happened
The United States futures options dipped as the 9.7 million barrels per day cut (mb/d), the OPEC+ countries agreed to...

The recent oil price war between Russia and Saudi Arabia has President Trump caught in tough spot. One the one hand, cheaper oil prices are good for consumers and industries that rely on oil to function. But the 17-year lows in oil is also hurting oil producing countries, of which the U.S. is one...

Oil prices dropped significantly late Sunday as the Organization of the Petroleum Exporting Countries meeting scheduled for Monday was postponed.
What Happened
The OPEC meeting, meant to resolve differences between the Kingdom of Saudi Arabia and the Russian Federation, has been...

Oil prices fell dramatically on Monday, reaching their lowest levels since November 2002 as Saudi-Russia fail to agree on the scale of production and the coronavirus pandemic strangles demand.
What Happened
Brent crude prices fell as low as $23.03 on Monday morning, a level not seen since November...

Oil prices were lower by nearly 10% Monday morning and likely have more downside potential as we will "likely see negative demand" for the commodity this year, BP (NYSE: BP) CFO Brian Gilvary said on CNBC.
What Happened
BP was modeling as early as February demand for oil to weaken by 300,...

Russia and Saudi Arabia clashed over the oil price, both trying to keep or increase their share in the market. The coronavirus outbreak was at least the official beginning of the conflict. As millions of people are in quarantine, and traveling is reduced to a minimum, oil has faced a sharp decrease...

Supply-shock joined demand-shock in the oil markets this week following Russia’s departure from the OPEC+ alliance. The reverberations of the 2020 Crude Crash have been deep and wide, sending equity markets limit-down Monday and putting credit markets on edge. Russia’s decision left...

Oil stocks could rebound if Saudi Arabia and Russia resolve their differences and "save OPEC," and investors should take advantage of any near-term gains by selling their position, according to Jim Cramer.
Cramer Advises Selling Oil Names With 'Terrible Balance Sheets'
Saudi...

Plummeting oil prices and uncertainty around the oil market in the midst of a price war between two big producing nations led Bank of America to downgrade nearly every stock in the sector that it didn't already rate Underperform, dropping the outlook on 14 stocks across the industry, from...

Market-wide and individual stock circuit breakers were put to the test Monday and worked exactly as expected, according to CNBC's Bob Pisani.
What Happened
U.S. stocks plummeted Monday amid ongoing coronavirus concerns and a new declaration of an oil price war pitting Saudi Arabia against...

Since the U.S. introduced nuclear-related sanctions in 2018, production has stalled at more than 25% of Iran’s oil rigs, according to a Reuters report. Of the state’s 160 rigs, about 40 stand idle or require repair.
The sanctions depressed global demand of Iranian oil and led the state...

Crude oil futures on Sunday dropped by the most percentage points since the gulf war of 1991, as Saudi Arabia and Russia engaged in a price war.
What Happened
Saudi Arabia announced that it is cutting the price for April crude oil to all destinations by $6 to $8, as reported by Reuters, causing the...